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now from washington, is the president for -- president of americans for tax reform, conservative counter broker and the man who does not believe in unicorns, pink or otherwise, mr. grover norquist. grover, what a day to have you on the show. thanks for joining us. >> absolutely. of course, you know, north korea and -- media announced they did find unicorns in north korea. >> we don't often take our cues from them. i am one that firmly believes in the existence of unicorns somewhere and hopefully maybe in this fiscal cliff deal. grover, the first question i have for you is this, your pledge, the pledge that many republicans have signed on to, opposes any and all efforts to increase marginal income tax rates and opposes any net reduction or elimination of deductions and credits unless matched for dollar by further reducing tax rates. closing loopholes and ending deductions would seem to increase the tax burden that americans are paying to the federal government. given that, do you support the proposal put forward by john boehner? >> well, because the proposal is significantly amorp
to the president about it. congresswoman kathy mcmorris rogers of washington state is the party's conference chair in the house. >> we're going to either succeed together or we're going to fail together. the president is calling for higher taxes as well as more spending. he's calling for another stimulus. at a time when we need tax reform. we need to be looking at... and the republicans have put forward tax reform that includes closing the loopholes, eliminating some of those tax credits, that will actually impact the wealthiest. >> reporter: some republicans said the boehner plan goes too far in taxing the well-off. south carolina senator jim demint, a staunch fiscal conservative, blasted the plan on twitter today. he said speaker boehner's offer of an $800 billion tax hike will destroy jobs and allow politicians in washington to spend even more. but the senate's democratic majority leader harry reid warned republicans against listening to such voices. >> you can't let these negotiations be dictated by the tea party. our guiding principle should be the views of the vast majority of the american p
rogers. >>guest: the worst thing going on in washington is all of the talk about the issue. you pick up a newspaper and it says would will blink first? who will be pulled across the line first? members read those and they are thinking, i don't want to be categorized as blinking. >>neil: but you just contributed saying you better not talk the entitlements or talk about social security or medicare and i know you may have your reasons but the republicans are saying, we have to give our pound of flesh and raise taxes and we are fine with it. we will do it. never mine the fact that you democrats have doubled the amount of revenues you talked about before the election, so be it. but there is nothing coming from you guys. >>guest: here is one of the things that we have been pushing. that is, according to the c.b.o. if the bush era tax cuts are eliminated, they would generate $950 billion over 10 years. that is just shy of the $1.2 trillion that we laid out in the sequester bill. so, we are moving in the right direction and we are dealing with the whole issue of medicare. >>neil: you are not. y
because of the gridlock in washington over this fiscal cliff. christine, you had a behind-the-scenes look yesterday at what's happened. >> i interviewed the ceo of fedex about the fiscal cliff, energy securities, but along the lines of the fiscal cliff there were a lot of people at this event, gene sperling, an adviser to the president, roy blount, a republican senator from tennessee there as well. people are grim right now about where we are on the fiscal cliff. i asked the ceo of fedex, he employs people. he is shipping packages. he cares about the price of oil, price of energy, and he cares about the clarity of what's happening in washington. listen so what i asked him. >> as a ceo, when you're watching the fiscal cliff, how do you make decisions? is it irrelevant to your business if we go over the fiscal cliff? how does a ceo look at what's happening in washington and decide for next year? >> most of the ceos look at the situation in washington with complete amazement and dismay to be frank about it. the problem is the ideological pinnings on both sides of this argument are so difficu
'm not going to say it. >> you are in our hearts. you can tell us what's going on in washington. what's going on in washington? >> bad dynamics. >> really? >> those of us optimistic there'd be a deal. the white house has blasted boehner's offer as much as the republicans blasted the president's. people like to say, oh, they're going to posture, but behind the scenes they're working it out. they're not. >> i hear chuck todd reported yesterday behind the scenes a top aide to barack obama, willie geist. and this -- i don't -- i'm not really good at reading the tea leaves. maybe this is good, maybe this is bad. but a top obama aide yesterday told chuck todd that if the republicans -- if these republicans were in power when abraham lincoln were there, there would still be slavery. does that help the process move along? or does it hurt? i don't really know -- >> reading between the lines. >> i know one direction, i know boy bands. >> reading between the lines, that's probably a bad omen. we do have four weeks, though. >> that's bad. >> absolutely. we have, i believe, we have 27 negotiating days. un
washington the benefit of the doubt so far today. we've had no real progress to speak of on the fiscal cliff. the president did speak publicly about it today. but we haven't exactly taken any step backwards either on wall street as far as the major averages go. we have had more special dividends declared, which we'll get to. first, get you caught up on the markets. kind of a meandering day. a few economic bits of data out today. other than that, not a lot going on as far as economic data go. we're all just waiting to see that white puff of smoke come out of washington and nothing yet so far. the dow virtually unchanged right now at 12,966. the nasdaq is down seven points right now. we'll talk with seema mody about that. and the s&p 500 index at this hour is down 1.80 in change at 1407. in today's "closing bell" exchange, we go over what is going on as we head toward the end of the year. seema mody is at the nasdaq today. jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets res
a double whammy if we go over the cliff. what compromises he'd love to see come out of washington, and how he believes they could reach them. this is a guy who deals with the democratic senate, so, really, he knows how to cross the aisle to make it happen. david: somebody else you know about, with all the talk about tax increases, the idea of a simple flat tax dead? we'll see. forbes doesn't think so. there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after greece announced its debt buy back terms. euro rose to a $1131. that's high historically. action in the metals. silver, platinum, all sinking more than 1%. silver was today's biggest loser dropping near
to the washington post, he is not enjoying. >> both sides seem to be digging in on a fiscal cliff deal. >> a new week brings new opportunities for gridlock. >> right now it's a stalemate. >> republicans used words like stalemate. >> is this a true stalemate? >> i would say we're nowhere. >> going nowhere. >> the path to nowhere. >> you're doing it wrong. >> just 28 days left. >> i think we're going over the cliff. >> it's not a good sign. >> republicans were flabbergasted. >> flabbergasted. >> you can't be serious. >> going know where just 28 days left. >> i feel almost sorry for john boehner. >> does john boehner have control of his caucus? >> will john boehner lead his sdmaukz. >> is he leading his caucus or will his caucus lead him? >> two party two is going to dwarf tea party one. >> this is embarrassing. >> he's the problem. >> he's willing to act like the election never happened. >> we're not getting anywhere. >> we're going over the cliff. >> it's the gop who has been short on specifics. >> i would say we're nowhere, period. we're nowhere. >> the same exact policies. >> this shows that re
in washington for jpmorgan chase. the probe covers $5.8 billion in losses. it is caused by the london whale, a trader that got a reputation for big bats with complex financial investments. the wide net that the subcommittee appears to be casting will not necessarily lead to any formal charges against the bank, any formal hearings on the trading losses or any scathing reports. senator carl levin, the chairman of this subcommittee, criticized the bank in may when it announced this law saying it "made a very big and complicated that that now has gone very wrong." he is now one of the sentence leading critics of wall street. they did not comment on our story today. if a probe generates any substantive results, that could mean war headaches for ceo jamie dimon. it has been investigated whether -- that issue as well as the bank's internal controls oversight of traders and other matters could be among the subjects of the subcommittee's probe. melissa: peter barnes, thank you so much. lori: breaking news out of egypt. thousands of protesters ready to march on the palace to protest president morsy.
of the program on arab politics at the washington institute for near east policy a "american bandstand" group of scholars whose mission is to advance america's interests overseas. how big a move is this movement of chemical weapons? what does it tell us in the big picture? >>guest: it is very significant. it highlights the desperation of assad regime, the fact he is mixing the recursors of sarin gas, that is a scare tactic for us to keep us out of it, and, also, warning the people of syria he could be prepared to use these if he is brought down. >>shepard: based on what the united states has said and not said or done, what is the united states goal? >>guest: the united states does not want to be involved militarily. 40,000 dead on the ground that we know and another 40,000 missing and likely resumed dead, we don't want to get involved militarily or set up a in fly zone. we have left saudis to arm the rebels in turkey but the result of that is mostly islamists have been getting the weapons in syria. we want this to end quickly and we would like russia to offer an escape package for bashar al-a
in just a few minutes. stocks are steady. talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president just finished answering questions on the issue after meeting with governors at the white house and our political correspondent, john harwood is live at the white house and eamon javers is talking with key congressional players on those talks. john, first to you. >> reporter: the president talked to our colleagues at bloomberg and talked about the republican offer from speaker boehner on the fiscal cliff resolution. he said it was out of balance because the speaker has not agreed to rate increases but the president identified a two-step process by which he is hoping still to reach an agreement before the end of the year, if he can get republicans to give on the top rate. he said that first of all, we can't do a fundamental tax reform in the next two weeks. we simply have to have a down payment before the end of the year and then commit to tax and entitlement reform during the year of 2
here in washington. it is a heated rivalry. >> bill: even if your team loses, don't you think you would wear the gear? >> i have the hat. i am absolutely loyal. they played a solid game last night. right up until they didn't win. >> they almost won. >> spoken like a true fan. they played a great game until they lost. >> bill: here's what it sounded like on espn right at the end there. >> rejuvenated football in the nation's capital. redskins and giants split. it looks like they've won a game here at fedex field. and all they are is within a game of the division lead. >> bill: 17-16. >> i will say as a giants fan the redskins are a solid contender this year and they have a fabulous rookie quarterback. >> bill: rgiii. >> he's very good. >> bill: there we go. we've got the nats and redskins coming up. whoa suddenly, sports town. >> i wouldn't get too carried away with that. the last couple of games they looked very good. they also lost to the panthers this season and they had some very terrible games. if th
in washington? we heard from the president, just a short time ago. our chief white house correspondent jessica yellin joins me now, jessica, the president spoke out, sat down in an interview with bloomberg tv, and in listening to the interview, did you hear any clues toward a possible compromise here? >> reporter: not new clues, brooke. the president laid down the marker that we heard from the white house consistently, which is they aren't moving until they hear the republicans agree to raise tax rates on the wealthiest. listen to what the president had to say. >> i think that, you know, we have the potential of getting a deal done, but it is going to require what i talked about during the campaign, which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at math, it doesn't work. >> reporter: so unbalanced approach
, if anything, iran has captured. we're getting very two different stories from tehran and washington. washington denying iran has done anything. iran with a very different story and they're already using this to say that they've score d a bg intelligence victory over the u.s. the reports in state media in iran started early, according to iran captures a u.s. drone after it flew into iranian air space, southern iran. iran describing this drone as a scan eagle, about a ten-foot wing span that can go about 24 hours without refueling. iran already boasting a win, putting it on display, video clip posted online, carol, showed what appeared to be two military officials examining what looked like a u.s. drone with that poster that you mentioned with the title "we will trample on the u.s.." >> i don't mean to change the subject. we hear the yelling behind you. you're in cairo, egypt. what's going on behind you, reza? >> reporter: these are the option factions here in cairo, who are back in pretty big numbers, few thousand of them in egypt, protesting against president morsi's decrees and thi
from washington, d.c. tonight's lead, the end of an era. for more than 20 years republicans have calmed to the one policy that's crippled our ability to get things done in washington. do you remember this? >> read my lips. no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature on the deficit reduction package, including $140 billion in tax increases. >> tax increases. that was a turning point for the modern republican party. the right wing went crazy. and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes.
for our state and finances. we are not elected to fix all the problems in washington. the president and the members of congress are here to do that. we are here to offer resources. [inaudible question] >> in our case, we talked about this just the other day. we felt it was imperative for us to focus on things republican and democratic alike. [inaudible question] connell: live coverage from the white house. the last speaker was scott walker. talking about the relationship between the local governments and the federal government over this fiscal cliff situation. our next guest is here to say, our point is, we need the government out of the markets and we need to get them out now. he is in d.c. today. what does that mean, you need to get the government out of the markets? >> you know the solution. they have to compromise. cut spending, cut entitlements and increase tax. that is the bottom line. there is just too much affecting this market. the word on the street is, by boehner, so read. we have to get the government out of the market. connell: you can see where the compromise could hap
term the best way to break washington stalemates, rally the public to their cause. here's how the president put it to cbs news. >> so getting out of this town, spending more time with the american people, listening to them and also then being in a conversation with them about where do we go together as a country, i need to do a better job of that in my second term. >> better job of explaining? >> well, explaining, but also inspiring. >> reporter: wolf, when it comes to a deal on averting the fiscal cliff, negotiations are on deep freeze. from the white house's perspective, they're not going to budge until house republicans come around to the view that tax rates on the wealthiest have to go up. but you know house republicans don't want to agree to any kind of deal that includes that. so right now it's a blinking contest. of course, the white house thinks it's one they'll ultimately win, because in the new year tax rates automatically go up. >> and there could be a recession once again if we go into that fiscal cliff. how worried are officials over at the white house that the pr
things done in washington than playing politics. i think to recognize there's been real progress made, right the border is safer today, the immigration system is better, the two parties worked together to do that over the last few years. there are still some meaningful things that need to get done. the d.r.e.a.m. act, we have to fix the low-end and high-end visa system. the mexicans are going to do a whole boar border system. i think there will be a lot of room to work together next year to get something meaningful done. if the republicans are earnest and play it straight i think they'll get a lot of credit for working with the democrats to fix the broken immigration system and making it better. jon: getting something meaningful done, it seems like a longtime since that's happened in washington. we'll look forward to it. simon rosenberg. kate obenshane thank you much. jenna: the nato alliance warning the assad regime in syria against using chemical weapons against his own people. this is an attempt to for once and for all crush the 21-month rebellion there. nato is considering a turki
, a bipartisan group of governors arrives in washington for a meeting. >> our focus today was not to endorse a specific plan nor to dismiss a specific plan, but rather to point out, as gary mentioned, as governors, we think it's important that we have a seat at the table. >> flash point serious, secretary clinton in brussels where nato leaders are sending patriot anti-defense missiles to turkey and warning syria of any thought of using chemical weapons. prince william leaves the hospital after visiting kate. she remains hospitalized for severe morning sickness. good day. i'm amount li-- andrea mitchell live in washington. the senate has managed to vote on something, rejected a u.n. treaty to extend rights to the blind and disabled, rights that have been the law of the land here in the united states since 1990. despite an emotional appearance from bob dole just out of walter reed, 89 years old, a passionate advocate for equal rights for the disabled since his first speech on the senate floor in 1969. joining me for our daily fix, kra, managing editor of post politics.com and capitol hill corr
cuts and tax hikes that go into effect if washington doesn't make a deal. that means four more weeks of spinning our wheel of misfortune. where will it land today? follies. that's the perfect term. both sides miles apart. wall street remains optimistic a deal will be reached by january 1st. perhaps in a nod to investors, the president gave his first post-election interview today to none other than bloomberg tv. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign, which is a balanced, responsible approach to deficit reduction and unfortunately the speaker's proposal right now is still out of balance. >> nbc's luke russert begins the coverage live on capitol hill. luke, first read this morning put a rather positive spin on duelling deals arguing there's a silver lining if you split the difference. unpack that for us. >> reporter: s.e., you saw that the republicans' offer was immediately dismissed by the white house. president obama, his team of communications advisers saying it's more of the same and won't work
of washington. joining us right now, keith springer, abbigail doolittle, and our own bob posani. keith, let me get your take on the cliff here and on what's to happen in terms of the markets. do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. i love the way this market is acting. it's not selling off with all the bad news, all the bickering, all the bad words on each side. you've got to love the way that this market is holding up here. doesn't mean investors need to be carefree, but overall, it looks like the market is setting up with a lot of negative sentiment out there. looks like there's a lot of opportunity for a big run higher once we get some form of resolution. i really believe we're going to get it. >> you think by year end? >>
,500 miles to washington dis-- d.c. [cheers and applause] >> now this incredibly beautiful tree has been deck indicated with ornaments crafted by colorado residents which reflect the theme celebrating our great outdoors. and speaking of ownerments, the u.s. capitol historical society produces a beautiful one to place upon this tree. and at this time, i would like to welcome its president, mr. ronald serrison. [applause] >> thank you very much. and ladies and gentlemen, mr. speaker, it is our pleasure, the u.s. capitol historical society every year to produce an ornament placed on this tree. it is important because it is our 50th anniversary. the society was founded in 1962. it is a scene, a winter scene of the capitol dome with snow and so forth. very beautiful. you can purchase it at www. uschs.org. thank you very much for allowing us to be part of the program. >> thank you, ron. [applause] >> thank you so much, ron. and for more than 40 years, the u.s. forest service and architect of the capitol have partnered to bring a christmas tree to the capitol from one of our nation's 155 national fo
doom if it a deal isn't cut by year's owned. but washington, both side have dug in their heels, and the answer may be that suddenly the sliding down the fiscal slope does not seem that bad. maybe that's why the republicans leaders like speaker of the house john boehner were able to put off making a counter proposal to the president's offer until today. crossing the red line on the talks by rejecting the demind that the republicans accept a hike in the marginal tax rate for those with income over a quarter million dollars a year. my view? obviously i agree with the white house on the substance and as i have said before, their hand gets stronger over time. but sometimes a new idea can change the dynamic. here is an idea that has been around for a long time, supported by james tobin way back and pushed by ralph nadar in a "washington post" op-ed this weekend. impose a tax on financial transactions. it will give us up to $100 billion a year, fail on a sector that has generateed enormous unwarranted profits for very few but benefited from huge bailouts the regulatory help but by and
of the bloody conflict. chief washington correspondent is at the state department now. >> it purported to show syrian war plane conducting bombing mission. mortar round struck a high school and reportedly killed a teacher and student. it's escalated to intensity. >> the side suffered military setbacks. the picture beginning to emerge in syria is this may be close to the end of the regime. >> in bruce sells, the foreign minister of the nato alliance with the approval of the turkey request. to be installed. the hundreds of troops are expected to ratify the deal shortly. it will be under nato foreign minister that is defensive only. it will no way support a fly zone or offensive operation. >> we know syria possesses missiles. we know they have the chemical weapons. of course they have to be included in our calculations. >> follow the father's death 12 years ago. rebel forces for killing of 40,000 country man toward the capital. >> the fact he is mixing the precursor of reportedly, really scare tactic for us. to keep us out of it. also, warning to the people of syria? washington, the officials app
"hardball." ♪ >>> good evening. i'm chris matthews in washington. let me start tonight with this. the republicans have their plan, and it's great news for the rich. speaker john boehner just put it out. those at the top, the 2%, are safe. your bush tax cuts are going to keep on giving. one problem, mr. boehner, you lost. that was your position before the election, and you lost. mitt romney campaigned on keeping the tax cuts for the wealthy, and he lost. and he promised to do what john boehner is doing right now, and he lost. how about some respect for the electorate? how about seeing what the 2012 presidential debate was about? obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio and howard fineman of the "huffington post." joy, you're chucklin
republicans want to solve washington's fiscal cliff dilemma, and what the democrats are saying about it. we'll talk about that, and much more with our special guest this morning, the former british prime minister tony blair is with us. but planes from iran. revolutionary guards showing off what they are claiming to be is a captured american drone. coming up why the pentagon says don't believe it. >>> and baby makes three at buckingham palace. the royal couple, will and kate, creating a media frenzy on both sides of the pond with word that they are expecting. we're going to go live to london. >> talk about this morning, in addition to tony blair, we're talking to democratic congressman xavier becerra, republican senator ron johnson from the state of wisconsin, also pat houston, whitney houston's sister-in-law and manager and jeopardy champion ken jennings written a new book. it's tuesday, december 4th, "starting point" begins right now. >>> welcome everybody, you're watching "starting point." we're honored this morning to have the former british prime minister tony blair with us as our guest
in washington in order to -- you guys didn't come up with any tax relief and your party's base is acting crazy. that is the problem. you don't realize it takes more than your party's outliers. >> where is the sensible center on this? >> listening to both of them talk, when you look at the pew pole that you cited before, republicans have the most loose public perception right now. when you look at that poll, it hasn't really moved. when you look at the numbers of a couple weeks ago, they are exactly the same. it's back and forth and that's fine but the public still perceives that the blame could end up with republicans if they go over the fiscal cliff. >> power panel, jackie, alfonso, thank you. >>> grover norquist is going to join my colleague, alex wagner, and discuss whether the republican plan meets his expectations. that's coming up in the next hour on "now ". >>> made in the usa. iran claiming that they captured a u.s. drone. >>> plus, prince william in and out of the london hospital visiting his wife kate dealing with extreme morning sickness after being diagnosed as pregnant. it's causi
. >>> also at home, new developments in the tax showdown in washington. a deal has to get done by january 1st or everyone's taxes will go up. we'll talk about what it will take to get negotiations back on track. >> republicans had their proposal yesterday. we'll see what the reaction is. >>> also, take a look at this video. is this the real-life grinch who stole christmas. the man caught on camera stealing christmas decorations. letting the air out of the whole thing. we'll get more on that in just a moment. >>> also, jessica biel here live. what's life like right now being married to justin timberlake. also, a new movie, on the way, "playing for keeps." so much to talk to her about today. >> that is coming up. >>> let's go to lara, live, all morning long, at buckingham palace with the latest details on the royal baby. good morning, lara. >> good morning, george. what a joy to be here on this day of celebration here in england. folks cheering and giving a thumbs-up as they pass. buckingham palace behind me. and the papers shouting out the great news. there's the picture on "the times." "we're
cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not represent the simpson-bowles plan or the bowles plan. in fact what
-war in washington, from one half of the team that produced the deficit-cutting plan republicans say is their inspiration, democrat erskine bowles. >> there are over $7 trillion worth of economic events that are going to hit america in the gut. i think impact would be really strong. if anybody thinks this is going to be a slope better wake up. >> ifill: the link between brain injury and sports, new evidence ties repeated blows to the head to long-term damage. we take a look. >> brown: ray suarez looks at the firestorm over israel's announcement it will expand settlements in the west bank. >> ifill: elizabeth brackett looks at how one chicago school is dealing with the transition to new state-wide standards. >> i really did find that the kids do understand more, and they learn more. they're more interested in what they're learning. >> brown: plus, as global carbon dioxide levels hit record highs, we analyze the increasing difficulty of combating climate change, with carol davenport of the "national journal." >> ifill: that's all ahead on tonight's newshour. major funding for the pbs n
them. we cannot compromise our principles and do the same thing in washington, d.c. if it means doing what the in democrats wan. >> suzanna martinez, does she represent the republican party's future? she is the first feneal male hispanic governor and a possible 2016 presidential candidate. on the weekend, "on the record" went to talk one on one with the governor. but first, she tookitous her family's business in el paso, texas. governor, where are we? >> we are at... the place is my brother's business. but this is where my parents started their business in the late 70s. they were in existence 25 years. >> this is foreign prrps -- property. you are the governor of new mexico, but they let you come here? >> they do. when your parents started this business, how many -- how much money -- >> truly, we lived paycheck to paycheck. when they started the business, i thought they were insane. we had no savings. they started out with a few security guards, my father was a security guard, i was a security guard. my mother was the office -- working in the office. at the beginning, she worked out o
american jobs and allow politicians in washington to spend even more while not reducing our $16 trillion debt by a single penny, and he continues with this line, big government is the cause of our debt crisis. sir, big government, what about the two big long wars and the big bush tax cuts as being responsible for the in accordance debt? did they have no part to play? >> well, there's no question about that, but the truth of the matter is you start your slashing of government in matter what part, laying off people, throwing them into the unemployment marment, making certain we have no disposable income, can't pay for mortgages, can't pay rent, can't pay for food and services, what happens to the small businessman that's already catching hell in the community? in other words, unless people get together and have some protection for the vulnerable and to make certain that those in the top 2% pay their fair share, and the truth of the matter is that i meet some of these people on the train coming back and forth from washington to new york, and they are saying that no one represents them in te
in washington. plus how many people are selling stocks just because they'll take their gains this year. because taxes will be higher next year. >> you're seeing people with if you have a large position in a company, this is probably the right time to take it. if it's a large percentage, 10%, 15%, 20% of your net worth, sell it now. >> and if you're planning to retire in the next three to five years, you're probably better off doing your allocation change thousand than you are saying -- >> this might be awful next year, too. isn't moynihan going to -- if we go over the cliff, it's not going to be a great year for stocks. >> it won't be a great year for hiring. >> left's already started. everybody is hiring temporary workers. they're not buying. they're leasing. you have more up front costs because you're trying to defer any long tirm purchase. but that's been happening now for two months. so you can look at the other way and say if we actually get a resolution, you might have more certainty which we're all looking for and companies saying you can actually make a capital projection as opposed to
is poised to double the number of site to 1,400. let's get you back to washington and the sail mate going on over how to deal with our crushing debt. the white house immediately rejected the gop plan to cut $2 trillion from the deficit saying it doesn't quote meet the test of balance. the gop said the same thing about the white house's opening salvo. the gop says the ball is now in the white house's court. where are we with the dollars here? >> reporter: we have the opening bids from speaker boehner and president obama. the different in dollars. the president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly from the wealthy by limiting deductions. the president says, no, don't want that. we want to tax the rich with higher tax rates on the rich. we have a dollar difference
. the clerk: the speaker's room, washington, d.c., december 4, 2012. i hereby appoint the honorable gregg harper to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate . the chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and the minority whip limited to five minutes each, but in no event shall debate continue beyond 11:50 a.m. the chair recognizes the gentleman from oregon, mr. defazio, for five minutes. mr. defazio: well, yesterday the republicans released a vague press release saying it constituted a counteroffer to the president's road map to avoid driving over the fiscal cliff. now, the republican plan purports to cut $1.3 trillion and raise $800 billion in new revenues. it did contain four specifics. four. cut medicare specific numbe
with oklahoma republican tom cole from this morning's washington journal. >> host: we want to welcome back to the table congressman tom cole, republican of oklahoma. let's begin with the news. house speaker john boehner sent a proposal to the white house yesterday, counterbid as it is being called. what do you think? >> guest: i think it is a great opening start. actually it makes very tangible with the speaker committed to after the election which is we are going to put it on the table so that question is settled and we are not talking about how much and what way, but that is an enormous step forward honestly by the republicans or concessions. not something we want to do but something we recognize we have to do to get there. so i think the speaker's proposal directs us to words what some of the problems are which are entitlement spending. that is what is driving the debt and we can't pussyfoot around it. we can't solve it with just revenue, you have to have reform. while we like the ryan budget and i think i would be the appropriate way to go, they picked up elements of some of the propos
everyone is warning about is to be avoided. >> if they got to agreement the way washington is too quickly, their own side would just kill 'em because they wouldn't think they had negotiated hard enough. you know, they've got to go through this exchange. this is no different than when, you know, you list your house, you know, you put up one price, somebody comes in with a lower price, you kind of reach a middle ground. the thing i'm sure of is that we got to end up with at least $4 trillion of deficit reduction. some of that's got to come from revenues. i guarantee you the white house isn't going to do a deal unless it has an increase in tax rates for part of that revenue. i'm assuming that the republicans are going to insist that there be more cuts on the health care entitlements than what's been put on the table to date. >> ifill: here's the difference between what we're seeing now and what happens when i put my house on the market. at the end of this year there will be consequences. it's unclear... in the past when these consequences or these deadlines have arisen they've just put them
important thing is we cannot compromise our principles and we cannot do the same thing that washington, dc does, meaning doing what the democrats want. >>> now to new mexico. governor susana martinez. does she represent the republican party's future? she's the first female hispanic government and her name is coming up as a possible 2016 presidential cabbed. over the weekend on the record went to new mexico to talk to governor mar martinez. but first she took he us to her family's business in el paso, texas. >> we are at the place is now my brother's business, but this was texas security guard service. this is where my parents started their business back in the late '70s, and they were in existence for about 25 years. > >> greta: this is their property. this is texas and you're the governor of new mexico, but they let you come here? >> they let me come here. >> greta: when your parents started this business, how much money did they start it with? >> truly when they started it, we lived pa paycheck to paychec. they started out with a few security guards. my father was a security guard, i was
. >>> deal or no deal. we're on the edge of our seats. washington, the fiscal cliff suspense is killing us. 29 days in counting until our taxes go up and across the board spending cuts. we still don't know any of the details. instead we're getting lots of mixed messages as to what exactly is going to happen, where things stand. >> there has been progress. >> right now i would say we're nowhere. >> i'm increasingly pessimistic. >> so tonight, two men who have lots of experience dealing with lawmakers. paul begala, david frum, former adviser to president george w. bush. gentlemen, nice to have you both. david, let's start with you. depending on who you listen to, it's either going great or not going well at all. they're either optimistic or completely pessimistic. which is it? >> i feel about this whole process as a basketball nonfan, i feel about basketball, which is start it 100-100 and play for five minutes to get it over with. but i think we also need to take a step back and realize just how lunatic this whole process is. what the united states does not need right now is either spending
of the republican leadership to punish those in washington who vote the way they promised their constituents they would. conservative blogger eric erickson on his blog writing on the same day john boehner, eric cantor and kevin mccarthy punished those for standing up for their convictions sold out their own convictions. erickson wasn't the only 0 group. calling it an $800 billion tax hike. the most conservative media outlets have been in boehner's camp, conservative organizations have a lot of sway with some members. bane earp does not want a full fledged rebellion. a few things to keep in mind. number one, any thought boehner didn't believe he had more control over his conference this time than he did two years ago should be set aside. cantor and mccarthy having his back. he only has to worry if somebody is high profile were somehow to challenge his standing with house republicans. that's not the case. they were in concert on this. does it mean -- send a signal to the white house that this time what boehner says and negotiates goes though it may not be a majority of the majority but boehner
she's doing. all the republican's office would confirm is her visit to washington, d.c. or at least the area monday to see a wounded arizona soldier. she's do you back on saturday. we know brewer is considering her next political move. politico reports she met with billionaire republican fund-raiser sheldon adelson. the speaker strips four house republicans from their committee s seats for not being, quote, team players. what does that mean. the first read team digs into it. we have mark murray up for you. a bipartisan group of govers say the sooner it's resolved the better off the states will be. the two governors will join me, one a republican. there's a new report president obama is considering. vogue editor anna winteror to be the next u.s. ambassador to the uk or france. do you believe that report? it's our gut check. be sure to check out our "news nation" tumblr page. you'll see behind the scene pictures and we got this picture of wynton march sal less yesterday in the house. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and pe
in washington. let me start tonight with some grave robbing. we're going gown to the dark, cold tomb of the late romney campaign. we're going to excavate the murky truths that were the living heart and mind of the defeated republican effort. going to exhume tonight the guts of the thinking that went on and went so wrong. tonight, we get what we only guessed at, the results of which played out in the numbers of election night. the nasty, anti-immigrant politics, the attitude toward that 47%, the failure to turn out the white male vote, the reason romney picked ryan and the wild prelude to the clipt eastwood performance. tonight on "hardball," the dark arona of what lies now beneath the dirt so we can understand what it looks like, to think and feel your way into a historic disaster. with me are jeff zeleny with "the new york times" and susan milligan who is contributing editor at ""u.s. news & world report."" you laugh, it's not funny. you both attended that harvard institute of policy forum. they just released, we have the audio recordings of that not filmed event. we have a real autopsy of what
"washington post" pugh research poll say 58% of those asked say it would be the republicans fault if we go over the fiscal cliff. and that shows all this back and forth isn't doing house gop any good. we're back after the break. alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth on. also in minis. [ male announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15 seafo
without finishing their project. >> a couple good poll numbers out today. abc/"the washington post" if we went off people would blame gop by two to one margin and then the pew poll. 49% do not believe a deal will be reached. 40% say a deal will be reached. >> i just know that if you're a republican, there's a primary. if you are going to run in that primary going forward, you'll have no problem provided you pledge to norquist not to raise taxes and you don't. these guys don't worry about primaries. they don't care about what the republicans -- they don't even think themselves as republicans. they think of themselves as anti-tax people. and they feel they pledged to their constituents that they're won't be any tax. that's all they care about. >> they're $800 billion plus into a deal. >> i guess the gap has been -- >> right. it's been narrowed. >> every offer is something. >> both of the offers were exactly what both sides promised during the campaign. they're still not willing to get off the stump. i think they believe we're no closer than where we were last year. >> didn't it take your br
to keep digging. pick your poison. -ither way this great country is dead. call it the washington inquisitions. we are getting ripped apart. tomorrow the governor that disagrees and pat buchanan david: money with melissa francis is next. >> i'm melissa francis and here's what's "money" tonight. republicans laid their cards on the table unveiling their fiscal cliff counteroffer to president obama. does it actually have a chance though? will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>> plus the mississippi river in crisis. water levels dropped to historic lows threatening to bring commercial traffic to a halt and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks t for e right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headl
in the united states to our maximum benefit? at a time when washington is talking about our fiscal crisis i'd say that the relationship of our oil needs to this crisis itself are close. it might not solve our fiscal crisis but clearly it's a necessary ingredient. every recession in the history of the united states in moden times has been preceded by or happening concurrent with an oil price spike. if we don't have continued growth we can cut all we want and raise revenue all we want, but we'll never find a way to solve our fiscal troubles. and i think this report really looks at how do we leverage this great abundance, this great blessing in the united states, both of our resources and of our innovative skills to help the country through these times and put us in a good footing for the next 50, 100 years. and secondly, i think this report really is the beginning of a process of creating an effective deep and stable bipartisan consensus on energy policy, in a town where everything is about the zero sum game. we are trying to escape that zero sum game. and we see the oil security as a unifyin
-awaited washington, d.c. stephanie miller sexy liberal show at the warner theater january 19th. >> stephanie: wa hoo. thank you rocky mountain mike. let's go to dan in chapel hill. >> caller: good morning, stephanie and guys. i want today explain to john boehner that bush put us on like a black friday sale for the country, and now the sale is over, so we have to go back or we'll go out of business. little complaint i saw your pictures on facebook, and they are really sexy and i always thought of you as like a big sister, and now i have this creepy feeling. [ laughter ] >> caller: the hate letters you get are really lame. i think we should have a competition that we have the best hate her to you. >> stephanie: okay. >> caller: we have to have misspellings -- >> stephanie: no punctuation, no grammar, made up words like pigbitch. >> caller: exactly. >> stephanie: all right. thank you, honey. >> you must see stars and little birdies flying around your head. >> stephanie: yes. tim geithner. >> i can't promise that. that is a decision that lies in the hands of the republicans that a
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